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Snap N' Sold Engages Auditors & Accountants to Prepare Financials for Fully Reporting Status.

PALM HARBOR, Fla. -- Snap N' Sold Corp. (Pink Sheets:SNPD) announced today that it has engaged the services of two independent firms to conduct a complete audit of the Company's financials necessary to obtain fully reporting status and a migration to the OTC Bulletin Board exchange. Tax Solutions Plus LLC has been retained to conduct the audit, while Peck & Jenkins CPA has been engaged on an ongoing basis to complete the financials in accordance with GAAP accounting procedures so that the company can disclose audited financial statements to its shareholders.

Cathy Binder, President of Tax Solutions, stated: "We are excited to be working with Snap N' Sold in order to help the company attain a level of operational sophistication and transparency not seen to-date. Proper financial control systems are critical to any business, particularly those with high growth aspirations and a desire to scale operations dramatically. We will help put Snap N' Sold in a position do exactly that."

James G. Grady, Chairman of Snap N' Sold, commented: "We have made tremendous headway in putting the operational infrastructure in place to scale both the drop store and HotAutoWeb business units on a national scale. We knew that proper financial controls and reporting procedures were a necessity for orderly roll-out of our growth plans." He continued, "This initiative will also provide the benefit of full financial transparency to our existing shareholders, while helping us attract new ones as we proceed to a listing on a more respected exchange."

About Snap N' Sold Corp.

Snap N' Sold Corp.,, is engaged in the eBay (NASDAQ:EBAY), drop store industry with competitors, Las Vegas based Net2Auction Inc. (Pink Sheets:NAUC), subsidiary of AmeriResource Technologies, Inc. (OTCBB:AMRE), Dallas based Orbit Drop, Inc. (Pink Sheets:OBDP) and Auction Mills Incorporated (Pink Sheets:AUML) as well as other auction facilitators like the, (OTCBB:EZTO). Snap N' Sold is managing its growth through the acquisition of community-centered retail "thrift stores" that will continue operating in that business while also acting as local eBay drop store 'consignment centers' and corporate and estate asset disposition offices.

Safe Harbor

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Snap N' Sold, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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Publication:Business Wire
Date:Dec 1, 2005
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